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    50 Ela St Barrington, IL 60010

    Sponsored
    For Sale
    $949,000

    7,495 SF Office Building - $949,000

    Property size:
    7,495 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story office building, located at 50 Ela Street in the heart of downtown Barrington, Illinois, presents a compelling investment opportunity. Boasting 7,495 square feet of space, including a finished basement, the property is currently generating income through existing leases with Edward Jones (through 2027) and Nakfoor Orthodontics (through 2025). The building benefits from a thoughtfully designed office layout, ready for immediate occupancy or continued lease income. Situated on a 0.15-acre lot, the property includes a convenient private parking lot with 13 surface spaces, supplemented by ample street parking. Its prime location offers unparalleled accessibility, just one block north of County Line Road (Lake Cook Road), within walking distance of the train station, and surrounded by a vibrant array of restaurants and shops. This property is ideal for both investors seeking a stable income stream and owner-users looking for a prestigious downtown location. The asking price is $949,000. This is a rare opportunity to acquire a well-maintained, income-producing office building in a highly desirable location. The building's strong tenant base and prime location make it an attractive investment prospect with significant potential for future growth. Don't miss this chance to own a piece of thriving downtown Barrington.

    Property Features for 50 Ela St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,495 SF
    Lot Size
    6,534 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Nak4 Orthodontics Barrington Orthodontist Edward Jones - Financial ... Financial Consultant Michael J. Kosiak ... Accountant The Jupitor Center Counselor

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Barrington
    County
    Cook
    State
    Illinois
    Longitude
    -88.1334269
    Latitude
    42.1547622

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    FAQs

    What type of property is this?
    Office Property / Space - 7,495 SF Office Building - $949,000
    Where is this office property / space located?
    The property is located at 50 Ela St Barrington, IL.
    What is the asking price?
    The asking price for this property is $949,000.
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    50 Ela St Barrington, IL 60010
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    Barrington, IL 60010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Ela St Barrington, IL 60010
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